Austin Business Journal shares, "Austin was among the hottest destinations in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.
Austin ranked No. 5 among the top U.S. growth cities in 2023, and Texas was again named the top state for move-ins for the third consecutive year, according to data released Jan. 2 and Jan. 3.
U-Haul collects migration data from more than 2.5 million one-way U-Haul truck, trailer and moving container rentals for the year. It ranks the top "growth states" and "growth cities" by net gain, which contrasts the number of one-way U-Haul trucks entering a city or market versus those leaving.
U-Haul migration trends don't directly correlate to an area's population or economic growth, though the company said its ranking is "an effective gauge of how well states and cities are attracting and maintaining residents," according to an announcement. This data can inform the real estate crowd on potential housing needs and can tell businesses where corporate players, and their workers, are headed.
Austin was the top Texas city on the recent list, with College Station at No. 6, Dallas at No. 9 and Conroe at No. 16. The cities that ranked higher than Austin were Palm Bay-Melbourne, Fla. (No. 1); Ocala, Fla. (No. 2); Charleston, S.C. (No. 3); and Sarasota-Bradenton, Fla. (No. 4), according to the list.
The Lone Star State held the top spot among states for the sixth time in eight years, U-Haul reported. Florida, North Carolina, South Carolina and Tennessee rounded out the top five on the recent list.
And, for the fourth year in a row, California reflected the largest net-loss of one-way movers, according to the data."
Source: Austin Business Journal
Written by: Kathryn Hardison
Published: January 3, 2024
Posted by Grossman & Jones Group on
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